Background*

Mr. John A. Thain has been the Chairman and Chief Executive Officer of CIT Group Inc. since February 2010. Mr. Thain served as the Chairman and Chief Executive Officer at BAC Canada Finance Company, Merrill Lynch International & Co. C.V. since December 2007 and Merrill Lynch Canada Finance Company. Prior to joining Merrill Lynch in December 2007, he served as the Chief Executive Officer of NYSE Holdings LLC (also known as NYSE Euronext, Inc.) since January 2004. He served ... The Goldman Sachs Group, Inc.'s President and Co-Chief Operating Officer from May 1999 to January 2004. He was the President of Group LP from March 1999 to May 1999 and Co-Chief Operating Officer from January 1999 to May 1999. He served as the Chairman and Chief Executive Officer at Merrill Lynch & Co., Inc. since December 2007 and served as its President of Global Banking Securities & Wealth Management. He served as President and Co-Chief Operating Officer of Goldman, Sachs & Co. He served as President of Global Banking Securities & Wealth Management at Bank of America Corporation from October 2, 2008 to January 2009. From December 1994 to March 1999, Mr. Thain served as the Chief Financial Officer and Head of Operations, Technology, and Finance. From July 1995 to September 1997, he was also the Co-Chief Executive Officer for European Operations. Mr. Thain serves as the Chairman of GSVentures. He has been a Trustee of Howard University Hospital since 2001. He is affiliated with certain non-profit organizations, which includes serving as a member of The MIT Corporation, the Dean's Advisory Council - MIT and Sloan School of Management, INSEAD - U.S. National Advisory Board, the James Madison Council of the Library of Congress and the Federal Reserve Bank of New York's International Capital Markets Advisory Committee. He is also a Member of the French-American Foundation, the Board of Trustees of the National Urban League and The Trilateral Commission, as well as a governor of the New York-Presbyterian Foundation, Inc. He serves as a Trustee of New York-Presbyterian Hospital, a General Trustee of Howard University and Chairman of the US-Japan Private Sector and Government Commission. He serves as a Director of The Partnership for New York City, Inc. He has also served as a Director of The Goldman Sachs Group, Inc. since 1998 until January 15, 2004. He served as a Director of NYSE Euronext, Inc. from January 2004 to December 2007 and BlackRock, Inc. from January 2008 to February 2009. He served as a Director of Goldman, Sachs & Co. Mr. Thain received an M.B.A. from Harvard University in 1979 and a B.S. degree from Massachusetts Institute of Technology in 1977.

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